I have no worry on the cash flow. Customer T is world class EV player, not a shoplot small potato. Don't compare it with S.D.

How's the billing work?

[1] Macihne shiped out -- INVOICE. Revenue Recognized.

[2] 50% Payment once the product received by Customer T (10 to 12 week after [1]). Port congestion might delay the shipment. Checkout how's sea freight work post COVID-19.

[3] 30% Payment once assembly done (13 to 24 week after [1]). Genetec sent Engineer to Customer T to assembly the machine. You want to take a look on the machine?
https://www.youtube.com/watch?v=8e9BB3Nj5Jg

[4] Final 20% after customer buy off (25 to 6 week after [1])

*** Customer T paid RM11m on Jan22. Feb22 & mar22, Customer T shall settle Q1 billings and part of Q2 billings.

More Order from Customer T

Customer T shall double its order by 2H 2022. This is likely just A Tip of the iceberg